World Flavors & Fragrances

  • ID: 4532994
  • Report
  • Region: Global
  • 388 Pages
  • The Freedonia Group
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Global demand to rise 4.4% annually through 2016

Worldwide demand for flavors and fragrances -- including flavor blends, fragrance blends, essential oils, and aroma chemicals -- will rise 4.4 percent annually through 2016, reaching $26.5 billion. Increasing packaged food manufacturing, especially of convenience products that require higher flavor usage, will drive fast growth in developing countries. Rising personal consumption expenditures in these emerging economies will also stimulate toiletry and cleaner shipments, which will contribute to healthy growth in fragrance blends. Increasing global interest in products that promote health benefits will also drive demand in both the food and beverage and cosmetics and toiletry markets, as masking flavors and fragrances are employed in conjunction with antioxidants and vitamins to reduce off-tastes and off-odors. Furthermore, efforts in developed countries to reduce calories, salt, and fat in foods will increase demand for flavors to improve the taste of those products.

Consumer trends favoring higher value products

Globally, there has been a rising interest in natural, organic, and more expensive products across a number of consumer markets, including food and beverages and toiletries and cleaners. Industry efforts to meet this demand will drive increased value consumption of nearly all types of flavors and fragrances, with the exception of aroma chemicals, which will be replaced by essential oils in certain product categories.

Food & beverage market to benefit from urbanization & health concerns

Rapidly rising incomes and urbanization in developing countries is spurring interest in convenient packaged foods and fast food, which will also boost growth in the food and beverage market, as packaged goods require high flavoring loadings to preserve taste in the face of large-scale manufacturing. This will lead to particularly fast growth in countries such as China and India in the Asia/ Pacific region, as well as countries in Central and South America. In developed countries, food and beverage flavor and fragrance demand will benefit from increasing customer interest in vitamincontaining foods, which require flavors to mask the unpleasant taste of these ingredients, and growing concerns about obesity. Government programs to reduce calories, fats, and sodium in foods will favor healthier alternatives that generally require more flavors to preserve good taste. However, the long term impact of this effort will depend on consumer acceptance.

Health concerns to also drive toiletry/cleaner uses

Health concerns will also drive growth in the toiletry and cleaner market. Cosmeceuticals and anti-aging cream, popular among the expanding older segments of the population in developed countries, contain additives with off-odors that must be masked by fragrances. However, increasing consumer interest in fragrancefree products, as well as limited opportunities in the cleaner market, will limit even faster advances. While demand in developed countries is relatively mature, the continued recovery in cosmetics and toiletry shipments from the 2009 global economic recession will improve consumption of fragrances in areas such as Western Europe and North America.

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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
World Economic Overview
Recent Historical Trends
World Economic Outlook
World Population Outlook
World per Capita Gross Domestic Product
World Personal Consumption Expenditure Trends
World Manufacturing Outlook
World Food & Beverage Manufacturing Outlook
World Beverage & Soft Drink Outlook
World Toiletry & Cleaner Outlook
Environmental & Regulatory Issues
Flavors
Fragrances
III. OVERVIEW
General
Product Overview
Flavor Blends
Fragrance Blends
Essential Oils & Natural Extracts
Aroma Chemicals
Market Overview
Food & Beverages
Toiletries & Cleaners
Other Markets
Regional Overview
Demand
Per Capita Consumption Trends
Production
World Trade Outlook
IV. NORTH AMERICA
General
Supply & Demand
Markets
United States
Canada
Mexico
V. WESTERN EUROPE
General
Supply & Demand
Markets
France
Germany
Italy
Netherlands
Spain
Switzerland
United Kingdom
Other Western Europe
VI. ASIA/PACIFIC
General
Supply & Demand
Markets
Australia
China
India
Japan
South Korea
Taiwan
Other Asia/Pacific
VII. OTHER REGIONS
Central & South America
Demand by Type & Market
Brazil
Other Central & South America
Eastern Europe
Demand by Type & Market
Russia
Other Eastern Europe
Africa/Mideast
Demand by Type & Market
Suppliers
VIII. INDUSTRY STRUCTURE
General
Market Share
Acquisitions & Divestitures
Competitive Strategies
Product Differentiation
Market Segmentation
Cooperative Agreements
Research & Development
Manufacturing Methods
Marketing & Distribution
Company Profiles
Agilex Flavors & Fragrances Incorporated
Aromatech France
Aromco, see ICC Industries
BASF SE
Bell Flavors & Fragrances Incorporated
Belmay Incorporated
BIOLANDES SAS
Cargill Flavor Systems, see Kerry Group
Cargill Incorporated
Charabot, see Robertet
China Flavors & Fragrances Company Limited
Cognis, see BASF
ConAgra Foods Incorporated
CPL Aromas Limited
Dérivés Résiniques et Terpéniques
ETOL dd, see ICC Industries
Firmenich SA
FlavourCraft, see Kerry Group
Frutarom Industries, see ICC Industries
Givaudan SA
Hasegawa (T.) Company Limited
Huabao International Holdings Limited
ICC Industries Incorporated
International Flavors & Fragrances Incorporated
Kao Corporation
Kerry Group plc
Lucta SA
LyondellBasell Flavors and Fragrances, see Renessenz
LyondellBasell Industries NV
Mane (V.) Fils SA
McCormick & Company Incorporated
Michael (David) & Company
Mylner Indústria E Comércio Limitada, see ICC Industries
Nagaoka Perfumery Company Limited
Ogawa & Company Limited
Plantes Aromatiques du Diois, see Robertet
Renessenz LLC
Rhodia, see Solvay
Robertet SA
Savoury Flavours Holding, see ICC Industries
Sensient Technologies Corporation
Soda Aromatic Company Limited
Solvay SA
Spicetec Flavors & Seasonings, see ConAgra Foods
Symrise AG
Takasago International Corporation
Todd (AM), see WILD (Rudolf) & Company
Treatt (RC) plc
Wanxiang International Limited
WILD (Rudolf) GmbH & Company KG
ZEON Corporation
Additional Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region
2 World Population by Region
3 World per Capita Gross Domestic Product by Region
4 World Personal Consumption Expenditures
5 World Manufacturing Value Added by Region
6 World Food & Beverage Manufacturing Value Added by Region
7 World Carbonated Soft Drink Consumption by Region
8 World Toiletry & Cleaner Shipments by Region & Type
SECTION III -- OVERVIEW
1 World Flavor & Fragrance Demand by Product
2 World Flavor Blend Demand by Region
3 World Fragrance Blend Demand by Region
4 World Essential Oil & Natural Extract Demand by Region
5 World Aroma Chemical Demand by Region
6 World Flavor & Fragrance Demand by Market
7 World Food & Beverage Market for Flavors by Region
8 World Toiletry & Cleaner Market for Fragrances by Region
9 Other Markets for Flavors & Fragrances by Region
10 World Flavor & Fragrance Demand by Region
11 World Flavor & Fragrance Production by Region
12 World Net Exports of Flavors & Fragrances by Region
SECTION IV -- NORTH AMERICA
1 North America: Flavor & Fragrance Market Environment
2 North America: Flavor & Fragrance Supply & Demand
3 North America: Flavor & Fragrance Markets
4 United States: Flavor & Fragrance Market Environment
5 United States: Flavor & Fragrance Supply & Demand
6 United States: Flavor & Fragrance Markets
7 Canada: Flavor & Fragrance Market Enviornment
8 Canada: Flavor & Fragrance Supply & Demand
9 Canada: Flavor & Fragrance Markets
10 Mexico: Flavor & Fragrance Market Environment
11 Mexico: Flavor & Fragrance Supply & Demand
12 Mexico: Flavor & Fragrance Markets
SECTION V -- WESTERN EUROPE
1 Western Europe: Flavor & Fragrance Market Environment
2 Western Europe: Flavor & Fragrance Supply & Demand
3 Western Europe: Flavor & Fragrance Markets
4 France: Flavor & Fragrance Market Environment
5 France: Flavor & Fragrance Supply & Demand
6 France: Flavor & Fragrance Markets
7 Germany: Flavor & Fragrance Market Environment
8 Germany: Flavor & Fragrance Supply & Demand
9 Germany: Flavor & Fragrance Markets
10 Italy: Flavor & Fragrance Market Environment
11 Italy: Flavor & Fragrance Supply & Demand
12 Italy: Flavor & Fragrance Markets
13 Netherlands: Flavor & Fragrance Market Environment
14 Netherlands: Flavor & Fragrance Supply & Demand
15 Netherlands: Flavor & Fragrance Markets
16 Spain: Flavor & Fragrance Market Environment
17 Spain: Flavor & Fragrance Supply & Demand
18 Spain: Flavor & Fragrance Markets
19 Switzerland: Flavor & Fragrance Market Environment
20 Switzerland: Flavor & Fragrance Supply & Demand
21 Switzerland: Flavor & Fragrance Markets
22 United Kingdom: Flavor & Fragrance Market Environment
23 United Kingdom: Flavor & Fragrance Supply & Demand
24 United Kingdom: Flavor & Fragrance Markets
25 Other Western Europe: Flavor & Fragrance Market Environment
26 Other Western Europe: Flavor & Fragrance Supply & Demand
27 Other Western Europe: Flavor & Fragrance Markets
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Flavor & Fragrance Market Environment
2 Asia/Pacific: Flavor & Fragrance Supply & Demand
3 Asia/Pacific: Flavor & Fragrance Markets
4 Australia: Flavor & Fragrance Market Environment
5 Australia: Flavor & Fragrance Supply & Demand
6 Australia: Flavor & Fragrance Markets
7 China: Flavor & Fragrance Market Environment
8 China: Flavor & Fragrance Supply & Demand
9 China: Flavor & Fragrance Markets
10 India: Flavor & Fragrance Market Environment
11 India: Flavor & Fragrance Supply & Demand
12 India: Flavor & Fragrance Markets
13 Japan: Flavor & Fragrance Market Environment
14 Japan: Flavor & Fragrance Supply & Demand
15 Japan: Flavor & Fragrance Markets
16 South Korea: Flavor & Fragrance Market Environment
17 South Korea: Flavor & Fragrance Supply & Demand
18 South Korea: Flavor & Fragrance Markets
19 Taiwan: Flavor & Fragrance Market Environment
20 Taiwan: Flavor & Fragrance Supply & Demand
21 Taiwan: Flavor & Fragrance Markets
22 Other Asia/Pacific: Flavor & Fragrance Market Environment
23 Other Asia/Pacific: Flavor & Fragrance Supply & Demand
24 Other Asia/Pacific: Flavor & Fragrance Markets
SECTION VII -- OTHER REGIONS
1 Central & South America: Flavor & Fragrance Market Environment
2 Central & South America: Flavor & Fragrance Demand by Type & Market
3 Brazil: Flavor & Fragrance Market Environment
4 Brazil: Flavor & Fragrance Demand by Type & Market
5 Other Central & South America: Flavor & Fragrance Market Environment
6 Other Central & South America: Flavor & Fragrance Demand by Type & Market
7 Eastern Europe: Flavor & Fragrance Market Environment
8 Eastern Europe: Flavor & Fragrance Demand by Type & Market
9 Russia: Flavor & Fragrance Market Environment
10 Russia: Flavor & Fragrance Demand by Type & Market
11 Other Eastern Europe: Flavor & Fragrance Market Environment
12 Other Eastern Europe: Flavor & Fragrance Demand by Type & Market
13 Africa/Mideast: Flavor & Fragrance Market Environment
14 Africa/Mideast: Flavor & Fragrance Demand by Type & Market
SECTION VIII -- INDUSTRY STRUCTURE
1 World Flavor & Fragrance Sales by Company, 2011
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements
4 R&D Spending Patterns: Selected Flavor & Fragrance Suppliers
LIST OF CHARTS
SECTION III -- OVERVIEW
1 World Flavor & Fragrance Demand by Product, 2011
2 World Flavor Blend Demand by Region, 2011
3 World Fragrance Blend Demand by Region, 2011
4 World Essential Oil & Natural Extract Demand by Region, 2011
5 World Aroma Chemical Demand by Region, 2011
6 World Flavor & Fragrance Demand by Market, 2011
7 World Food & Beverage Market for Flavors by Region, 2011
8 World Toiletry & Cleaner Market for Fragrances by Region, 2011
9 Other Markets for Flavors & Fragrances by Region, 2011
10 World Flavor & Fragrance Demand by Region, 2011
11 Flavor & Fragrance Demand per Capita/ Personal Consumption Expenditures per Capita Relationship, 2011
12 World Flavor & Fragrance Production by Region, 2011
SECTION IV -- NORTH AMERICA
1 North America: Flavor & Fragrance Demand by Country, 2011
SECTION V -- WESTERN EUROPE
1 Western Europe: Flavor & Fragrance Demand by Country, 2011
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Flavor & Fragrance Demand by Country, 2011
SECTION VIII -- INDUSTRY STRUCTURE
1 World Flavor & Fragrance Market Share, 2011
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